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Delhi weekly weather update: rains till Monday, poor air quality to improve

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Tatva Chintan: IPO subscribed 180x, Listing at 100 per cent premium?

The Rs 500-crore-worth issue got fully subscribed in the initial hours of opening on Day 1

After getting oversubscribed almost 180 times, shares of Tatva Chintan will list on the stock exchanges on Tuesday. 

The Rs 500-crore-worth issue got fully subscribed in the initial hours of opening on Day 1. In grey markets, its shares are being traded at double its IPO price. 

Tatva Chintan was offered between a price band of Rs 1,073 to Rs 1,083 and it has a grey market premium of Rs 1,050.

Tatva Chintan comes in second on the list of most wanted IPOs for this year, right after the ₹596-crore IPO of MTAR Technologies which was subscribed 201 times.

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